TRADE AND BILLS RECEIVABLE

6 Months Ended

Jun. 30, 2022

Trade And Bills Receivable

TRADE AND BILLS RECEIVABLE

12. TRADE AND BILLS RECEIVABLE

	December 31,			June 30,
	2021			2022			2022
	CNY			CNY			US$
	(Audited)			(Unaudited)			(Unaudited)
Non-current
Trade receivables from third parties		17,033			16,815			2,510
Less: Impairment allowance		(7,532	)		(8,360	)		(1,248	)
Total of Non-current trade receivables		9,501			8,455			1,262
Current
Trade receivables from third parties		51,608			54,799			8,180
Less: Impairment allowance		(10,082	)		(11,190	)		(1,670	)
Total of current trade receivables		41,526			43,609			6,510
Bills receivable
At fair value through other comprehensive income		—			11,700			1,746
Total		51,027			63,764			9,518

Ageing analysis of accounts receivable and bills receivable was as follows:

	December 31,		June 30,
	2021		2022		2022
	CNY		CNY		US$
	(Audited)		(Unaudited)		(Unaudited)
Within 1 year		19,026		40,398		6,031
Between 1-2 years		5,106		3,740		558
Between 2-3 years		12,796		10,835		1,617
Over 3 years		14,099		8,791		1,312
Total		51,027		63,764		9,518

Movements of loss allowance during the year/period are analyzed as follows:

	Year Ended December 31,		Six Months Ended June 30,
	2021		2022		2022
	CNY		CNY		US$
	(Audited)		(Unaudited)		(Unaudited)
Beginning of the year/period		13,774		17,614		2,629
Provision for expected credit losses (“ECLs”)		3,840		1,936		289
End of the year/period		17,614		19,550		2,918

The Group elected to apply the simplified approach for providing impairment for ECLs prescribed by IFRS 9, which permits the use of the lifetime expected loss provision for all trade receivables. To measure the ECLs, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The ECLs below also incorporate forward looking information. The impairment as of December 31, 2021 and June 30, 2022 was determined as follows:

									Past due
	Current		within 1 years			1-2 years				2-3 years		over 3 years			Total
As of December 31, 2021:
Expected credit loss rate				6	%		26	%		13	%		48	%		26	%
Gross carrying amount (CNY)		3,670		16,311			6,865			14,712			27,083			68,641
Impairment allowances (CNY)				955			1,759			1,916	(i)		12,984	(ii)		17,614
As of June 30, 2022:
Expected credit loss rate				10	%		10	%		10	%		60	%		20	%
Gross carrying amount (CNY)		331		42,479			4,186			12,412			23,906			83,314
Impairment allowances (CNY)				2,412			446			1,577	(i)		15,115	(ii)		19,550
Impairment allowances (US$)				360			67			235			2,256			2,918

(i) The impairment allowances included CNY221 and CNY211 as of December 31, 2021 and June 30, 2022, respectively, for specific trade receivables which were considered to be in default due to conditions which indicated that the Group was unlikely to receive the outstanding contractual amounts in full.

(ii) The impairment allowances included an amount of CNY4,646 and CNY4,588 as of December 31, 2021 and June 30, 2022, respectively, for specific trade receivables which were considered to be in default due to conditions which indicated that the Group was unlikely to receive the outstanding contractual amounts in full.